Newsagents for sale in Essex

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £625,000 Price Reduced Weekly Turnover: £5,000
Request Details
Business Description
Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area all refitted in 2014, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 5 greeting card display stands (4 with drawers under plus 1 with gift wrapping paper section), 1 glass topped display deep freezer, 2 double door glass fronted display fridges, counter plus post office combination counter, electronic cash register. Post Office counter with anti-bandit screen (2 positions) etc.

Small stockroom
Staff w.c. & wash hand basin

Situated busy road, densely populated residential area, ESSEX

• ACCOMMODATION INCLUDED

The accommodation in the form of 2 SELF CONTAINED FLATS over plus 2 STUDIO FLATS at rear of the shop. The 2 self contained flats are at present let on shorthold tenancies & provide a rental income of £600 per month, however we understand vacant possession can be given on completion if required. Each flat comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge/Kitchen area

Included in the sale are 2 STUDIO FLATS to the rear of the shop each comprising:

Bedsitting room
Shower room with shower, w.c. & wash hand basin
Kitchen

Each of the studio flats are at present let on shorthold tenancies & provide a rental income of £450 per month, however we understand that vacant possession can be given on completion, if required.

Turnover : £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £300 p.w. We are further advised that the gross profit is in the region of 22%. Post Office income in the region of £58,000 p.a. (including commission from the sale of on line national lottery tickets plus scratch cards). The main post office also issues Motor Vehicle Licenses & foreign currency on demand.

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £625,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Freehold : £625,000 (C8947)

www.NationwideBusinesses.co.uk

Trading Hours:
Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 1 p.m.

Number of Employees:
At present operated by a husband & wife team with the assistance of staff.

Tenure: Freehold

Number of bedrooms: 4

Accommodation Details:
The accommodation in the form of 2 SELF CONTAINED FLATS over plus 2 STUDIO FLATS at rear of the shop. The 2 self contained flats are at present let on shorthold tenancies & provide a rental income of £600 per month, however we understand vacant possession can be given on completion if required. Each flat comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge/Kitchen area

Included in the sale are 2 STUDIO FLATS to the rear of the shop each comprising:

Bedsitting room
Shower room with shower, w.c. & wash hand basin
Kitchen

Each of the studio flats are at present let on shorthold tenancies & provide a rental income of £450 per month, however we understand that vacant possession can be given on completion, if required.

Location Details:
Situated busy road, densely populated residential area, ESSEX

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

 
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C8947
Seller Reference:
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